Greatland Gold discusses updated Havieron resource and reserve estimate from JV partner Newmont
February 22, 2024 at 10:52 am EST
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Greatland Gold (AIM:GGP) managing director Shaun Day joined Proactive's Stephen Gunnion to discuss an updated Reserve and Resource for the Havieron gold-copper project released by joint venture partner Newmont.
Newmont’s update includes 4.9 million gold equivalent ounces in the Indicated Mineral Resource category, closely aligning with Greatland Gold's estimate of 5 million ounces.
Day discussed the differences in reporting standards between Greatland's JORC code and Newmont's SK-1300, and the resulting differences between Greatland’s and Newmont’s reserve and resource estimates.
Greatland Gold remains highly confident in its Mineral Resource estimate of 8.4 million gold equivalent ounces and will continue to report under JORC. Greatland Gold PLC is a mining development and exploration company focused primarily on precious and base metals.
The company’s flagship asset is the world-class Havieron gold-copper project in the Paterson Province of Western Australia, discovered by Greatland and presently under development in a joint venture with Newmont.
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Proactive UK Ltd
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uk@proactiveinvestors.com
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Greatland Gold plc is a United Kingdom-based mining development and exploration company, which is focused on precious and base metals. The principal activities of the Company consist of the development of the Havieron gold-copper project (Havieron) and the exploration and evaluation of mineral tenements within Australia. The Havieron Project is a gold-copper project, which is located approximately 45 kilometers from Newcrest's Telfer mine and is under development in Joint Venture with Newcrest Mining. Its projects also include the Ernest Giles Project, the Panorama Project and the Bromus Project. The Ernest Giles Project is located in central Western Australia. The Panorama Project is located in the Pilbara region of Western Australia. The Bromus Project is located over 25 kilometers southwest of Norseman in the southern Yilgarn region of Western Australia. Its other projects include the Scallywag Project, the Rudall and Canning projects.